Momentous Energy has two core client engagement models – as an Independent Power Producer (IPP) where energy is sold at a rate (usually per kWh) to the client and an Energy Services Provider (ESP), where the client owns the asset and Momentous provides energy services.
We focus on using solar photovoltaic technology for energy generation and store the energy using lithium-iron phosphate battery energy storage systems.
We develop, finance, construct, own and operate a portfolio of renewable energy plants (IPP model). The renewable energy plants generate, store and distribute energy. The client purchases energy from Momentous IPP.
Momentous Energy provides development, engineering, construction, financing and operating services, for clients to own renewable energy plants (ESP model). As an ESP, we would enter into a Development, Engineering, Procurement and Construction Agreement, or Operations and Maintenance Agreement for these services.
In 2012, Momentous Energy set up the first renewable energy IPP as part of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in South Africa. In 2013, we set up the first large-scale commercial and industrial renewable energy project. We are a 100% Black-owned company with an international network, leveraging financing and technology for our projects with strategic offices located in Johannesburg and Shanghai.